Deal significance: Equifax acquired all the shares in Veda through a scheme of arrangement.

The company made an initial approach to Veda regarding the transaction in September 2015, and the parties entered into a scheme implementation deed in November that year.

The scheme was approved by shareholders and implemented on 25 February.

“The deal reinforces Equifax's strategic focus to be a leading global information solutions provider and allows Equifax to enter into an important new region with the proven strength of the Veda management team,” according to a statement from Allens.

Lawyers Weekly is the leading authoritative source of independent
news, analysis and opinion about the business of law in Australia. It
includes expert opinion pieces, analysis of the issues impacting on
the business of firms, broader geographic coverage of events and
issues, regular technology reports as well as regular training &
education reports.